The Most Wanted EA - Parameters Description

The Most Wanted EA - Parameters Description

9 March 2023, 01:55
Vitalii Kosov
1
1 281

1. Risk Percentage - here you can set Percentage of you potential Loss from your Deposit. For a example, if your Deposit 500$ and you set 5%, so EA will calculate the volume of the deal so, your loss was no more than 25$.

2. Risk Profile (Low, Medium, High, FTMO) – if the Risk Percentage =0, then EA will open deals with volume, that will be calculated from this option.  

FTMO -  the volume will be calculated, that the loss will be no more than 5% from deposit. 

Low - the volume will be 0.01 Lot for 300$ of deposit. 

Medium - the volume will be 0.01 Lot for 200$ of deposit.            

High - the volume will be 0.01 Lot for 100$ of deposit.

3. Trading Type (Calm, Moderate, Intense, SuperIntense) – here one can set the frequency of opening the deals. 

Calm - about 1-2 deals per week.

Moderate - about 3 deals per week.

Intense and SuperIntense  - more than 3 deals per week.

4. Fixed Volume  - if you set here volume, then EA will open deals with constant lot. All deals will have the same volume. 

5. Max Volume – EA is not able to open deal with volume more than you set in this option.

6. Virtual StopLoss and TakeProfit – if you set true, the EA will open deals without real Stop Loss and Take Profit. But EA will close the deal, if the price will reach the levels of real Stop Loss or Take Profit.

7. Slippage – one can set Deviation between operation price and your broker price.

8. Comments – you can set Comments to the deals of the EA.

9. Magic Number – id number of the EA. It is important, if you use more than one EA on one account.

10. Max Spread – one can set Maximal Spread for work of the EA, if the Spread is higher  than Max Spread, then EA will not open deals.

Time settings

11. Close Deals on Friday (True/False) – if true, then the EA will close deals at Friday at time you set.

12. Friday Closing Hour – one can set Hour of the Friday for closing deals; if Close Deals on Friday was set true.

13. Friday Closing Minute - one can set Minutes of the Hour for closing deals; if Close Deals on Friday was set true.

Trading Pair Parameters

14. Take Profit for Gold – the size of Take Profit for Instrument Gold (XAUUSD).

15. Stop Loss for Gold - the size of Stop Loss for Instrument Gold (XAUUSD).

16. Max Deals for Gold – Maximal number of the deals, which can be opened on the market  together, if there are other signals of the EA for Instrument Gold (XAUUSD).

Trailing and Breakeven*

17. Trailing (True/False) – if true the EA will use Trailing Stop. 

18. Trailing Trigger – it shows how many pips should go the price, from the Deal open price, in right direction, to activate Trailing Stop. 

19. Trailing Start – it shows how many pips, from the Deal open price, will be set Stop Loss immediately after activation Trailing Stop.

20. Trailing Step – it shows how many pips should go the price ,in right direction, for the next moving of the Stop Loss.

21. Breakeven – if true, the Breakeven function will be activated.

22. Breakeven Trigger - it shows how many pips should go the price, from the Deal open price, in right direction, to set Stop Loss in breakeven.

*Breakeven and trailing stop do not work together! Choose one or the other.                                                                

News Filter Settings

23. News Filter(True/False) - If true, the news filter is activated

24. Ban for opening before News - Pause for opening new trades before the release of important news, value in minutes

25. Ban for opening after News - Pause for opening new trades after the release of important news, value in minutes

!!!For the news filter to work, you must insert the link in the terminal settings!!!(For MT4 only)

https://sslecal2.forexprostools.com


                                                            

Recommended broker https://cutt.us/BestBrokerEver

(If you want all trades to be the same as mine then use Recommended broker)

Contact information:

Profile https://www.mql5.com/en/users/darksidefx

Telegram Channel https://t.me/beast_trade_fx

Email darksidefx777@gmail.com



Share it with friends: